You’ve heard of co-working spaces, but how would you like to share your sleeping space with other entrepreneurs? That’s the idea behind Tribe Theory, a new “venture hotel” that specifically targets entrepreneurs and start-ups. Made up of capsule beds in shared dorm rooms, Tribe Theory carves out a new category […]
CNBC News
Cape Town is running out of water, and no-one knows what economic impact that will have
Reservoirs in Cape Town, the jewel of South Africa’s Western Cape region, are nearly empty. Amid its worst drought since records began, the city — and the Western Cape province more broadly — is speeding towards a so-called Day Zero. This is when dam levels fall to 13.5 percent capacity, […]
‘Super-nationalistic’ Xi Jinping is looming over Chinese economic policies, an expert says
China said on Tuesday said it will sharply widen market access for foreign investors this year — but it could just be talk, observers said. “At this stage, the Chinese — at least on a rhetorical basis — are trying to placate the Americans,” said Willy Lam, adjunct professor at […]
5G promises breakneck internet speeds, but Europe could fall behind China and the US
Last week, Mobile World Congress — the biggest mobile event in the world took place— with 5G at the front and center of discussions. Huge stands from giant telecoms companies to network equipment players like Huawei and Nokia highlighted their efforts in the 5G space. The industry talked up how […]
Former Google CEO says AI won’t replace your doctor
Former Alphabet executive Eric Schmidt has strong opinions about how modern computing will change medicine — or not. At a healthcare conference on Monday, he said he doesn’t fully buy into the vision of artificial intelligence replacing doctors, unlike some of his Silicon Valley counterparts, notably Vinod Khosla. Instead, he […]
China defends hike in military budget as proportionate and low
China’s increase in military spending for 2018 — the biggest rise in three years — was proportionate and low, and Beijing had not been goaded into an arms race with the United States, state media said on Tuesday. China on Monday unveiled an 8.1 percent rise in defense spending at […]
A decade from now, bitcoin is more likely to be $100 than $100,000, economist says
The likelihood of bitcoin prices falling to $100 is greater than that of the digital currency trading at $100,000 a decade from now, Harvard University professor and economist Kenneth Rogoff said on Tuesday. “I think bitcoin will be worth a tiny fraction of what it is now if we’re headed […]
The NRA faces a new kind of opponent: Kids who understand social media
This time, the debate is different. The Feb. 14 school shooting at Marjory Stoneman Douglas High School in Parkland, Florida, which left 17 dead, has sparked youth activism for gun reform. Mass shootings typically are followed by outrage, cries for gun reform, heavy media coverage —and reactionary anger from pro-gun […]
Stronger China military gives the world ‘more and more security,’ Communist Party newspaper says
China’s military is playing its part in “safeguarding world peace,” the country’s People’s Daily said on Monday. In an editorial waxing lyrical about Chinese blockbuster movie “Operation Red Sea,” the powerful Chinese Communist Party-owned newspaper took the opportunity to laud the country’s military operations. Operation Red Sea is a Chinese […]
North Korea leader Kim Jong Un meets South Korean officials for the first time
North Korean leader Kim Jong Un met senior South Korean government officials for the first time and said it is his “firm will to vigorously advance” inter-Korean ties and pursue reunification, the North’s official news agency said on Tuesday. A 10-member South Korean delegation led by National Security Office head […]